ELSS Tax Saving
Calculator
See how much tax you can save under Section 80C with ELSS mutual funds, alongside the growth potential of the investment itself.
Tax Saved (this year)
₹45,000
Total Invested
₹15,00,000
Est. Returns
₹14,48,187
Maturity Value
₹29,48,187
Tax saved is calculated on the amount eligible under the ₹1,50,000/year Section 80C cap, at your selected slab rate. Figures are illustrative, not a guarantee of actual performance — ELSS is equity-linked and carries market risk, with a mandatory 3-year lock-in.
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Equity Linked Savings Schemes (ELSS) are diversified equity mutual funds that also qualify for a tax deduction of up to ₹1,50,000 per year under Section 80C of the Income Tax Act — meaning the same investment can reduce your taxable income and grow as an equity investment at the same time.
ELSS comes with the shortest mandatory lock-in of any Section 80C option — just 3 years, compared to 5+ years for most alternatives — though because it's equity-linked, returns aren't guaranteed and are best evaluated over a longer horizon than the lock-in alone.